Hooters | Strong Rent to Sales | 9.25% Cap Rate

Hooters is a well-known American restaurant chain that was founded in 1983 in Clearwater, Florida.​ The brand is easily recognizable by its owl logo and its signature orange and white color scheme.​ Hooters is famous for its casual dining experience, offering a menu that primarily features American comfort food such as burgers, sandwiches, seafood, and their iconic chicken wings.​ The chain has expanded significantly since its inception, with locations across the United States and in numerous countries worldwide.​

Texarkana, Texas, is a unique city straddling the border between Texas and Arkansas, offering a blend of southern charm and regional culture.​ Known for its distinctive geographic position, Texarkana serves as a significant cultural and economic hub for the area.​ The city features a historic downtown with a mix of local shops, restaurants, and cultural attractions.​ Notable landmarks include the Texarkana Post Office and Courthouse, a dual-state facility that highlights the city’s unique position straddling two states.​ Texarkana’s economy benefits from its strategic location along major transportation routes, including Interstate 30 and U.​S.​ Highway 59, which facilitate regional trade and travel.​

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  Strong National Tenant – Hooters, a globally recognized brand, is the tenant, ensuring a stable and reliable income

  stream. With a strong corporate guarantee, investors can feel secure about the tenant's commitment and financial stability.

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  Attractive Yield and NOI – The property boasts a cap rate of 9.25%, generating a Net Operating Income (NOI) of

  $205,202. This offers investors an appealing return on investment.

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  Favorable Lease Structure – The Absolute Triple Net (NNN) lease structure ensures minimal landlord responsibilities, as

  the tenant is responsible for all property-related expenses, including maintenance, insurance, and taxes. Additionally, the

  lease includes 10% rent bumps every five years, enhancing future cash flow.

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  Strategic Location – Located at 5101 N State Line Ave, Texarkana, TX, the property benefits from its strategic position in a

  tax-free state, attracting both businesses and residents. Texarkana's unique location on the Texas-Arkansas border also

  provides access to a broad customer base from both states.

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  Long-Term Stability – With the base lease term ending on October 31, 2028, and three (5) year option periods available,

  investors can enjoy long-term stability and the potential for continued tenancy well into the future. This provides a

  significant advantage for long-term planning and financial security.

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  Competitive Rent to Sales Ratio - Call broker for details.